Overview

Welcome to Apartment 228, a sophisticated two-bedroom, two-bathroom waterfront residence that combines impressive investment potential with a modern, upgraded interior. This property offers breathtaking elevated views of the harbor, spacious living areas, and a flexible floor plan designed for comfort and convenience. Over the past year, it has generated short-stay income exceeding $102,000, making it one of the most lucrative short-stay options in the Darwin Waterfront precinct.

This apartment has been thoughtfully enhanced with high-quality finishes and a reconfigured layout, providing an exceptional lifestyle retreat or a high-yielding investment opportunity in one of Darwin's most sought-after locations.

Property Highlights:

• Spacious two-bedroom apartment featuring premium finishes and stunning pool and sunset views.
• Recently renovated kitchen equipped with stone benchtops, SMEG appliances, and plumbed fridge space.
• Bright open-plan living and dining area that flows onto a sheltered entertainer's balcony.
• Ducted Mitsubishi Heavy Industry air-conditioning and window tinting throughout for year-round comfort.
• Generous master bedroom with double robes and a private ensuite.
• Second bedroom located next to the main bathroom, which includes a bath, shower, vanity, and toilet.
• Convenient study nook, internal laundry, and secure two-car parking.
• Intercom access, lift, and security fob entry for added peace of mind.
• Pet-friendly residence with well-maintained common areas and guest parking.
• Presented in excellent condition, requiring no further investment.

Investment Snapshot:

• Proven performer with over 10 years of successful short-stay history.
• Gross annual income: $102,023+ (last 12 months).
• Gross yield: over 11% - a standout in the premium market.
• Sold fully furnished (approx. $20,000 value).
• Optional vehicle available for purchase (+ $10,000).
• Professionally managed short-stay property (15% fee) - effortless, hands-off investing.
• Turnkey opportunity - continue as a short-stay rental or move in immediately.

Waterfront Location Benefits:

• Located within the Darwin Waterfront Precinct, known for its lifestyle, dining, and attractions.
• Quietly situated with no commercial spaces or restaurants below.
• Dog-friendly walking tracks right at your doorstep.
• Just a short walk to the Wave Lagoon, Darwin Wharf, and water park.
• Close to the CBD, Mindil Beach, Smith Street Mall, and Botanic Gardens.

Key Facts:

• Bedrooms: 2 | Bathrooms: 2 | Car spaces: 2.
• Income: $102,023 gross (previous 12 months).
• Yield: over 11% gross.
• Secure, air-conditioned, and completely move-in ready.
• Ideal for a high-performing Airbnb or executive-leasing model.

This is an exceptional opportunity to secure a high-earning property in Darwin's most desirable waterfront address. Whether you are looking for reliable returns or a stylish retreat with income potential, Apartment 228 offers premium living and impressive performance. Inquire now, as quality investments like this are rarely available.

The Finer Points:

• Council Rates: Approx. $1,758 per annum.
• Area Under Title: 114 square meters.
• Year Built: 2009.
• Zoning: CB (Central Business).
• Pool Status: In Complex.
• Status: Vacant Possession.
• Body Corporate: North Property Management.
• Body Corporate Levies: Approx. $2,393 per quarter.
• Body Corporate Special Levy: $1,173 (Q3 & 4 Only).
• Vendors Conveyancer: Cozens Johansen Lawyers.
• Settlement period: 45 days or variation on request.
• Easements: As per title.
• Deposit: 10% or variation on request.

Location